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A multi-criteria evaluation framework for tradable white certificate schemes

In English

Författare

Summary, in English

Recent years have witnessed regained political momentum on energy efficiency and interest in establishing markets is growing. As a result, Tradable White Certificate (TWC) schemes of differing design have been implemented in Great Britain, Italy and France. Much attention is being paid to justifying and evaluating such schemes. In this paper, we develop and apply a multi-criteria framework for evaluating TWC schemes-an approach that attempts to cover their individual design features. A broad evaluation is conducted regarding energy-saving and environmental effectiveness, economic efficiency, cost-effectiveness, transaction costs, political feasibility, administrative burden and technical change. The results show the design and performance of TWC schemes to be case and context-specific, and generalisations are thus inappropriate. This evaluation supports the cost-effectiveness modelled for the British scheme and the assumption that a TWC scheme is an economically efficient policy instrument. For the other, more complex TWC schemes, more data and experience are needed to judge their ex-post merit. On the whole, the proposed multi-criteria evaluation requires considerable data and complementary methods. However, the framework improves the understanding of the broad effects and attributes of TWC schemes. It deals with various empirical and normative aspects that can be applied in their evaluation. (C) 2009 Elsevier Ltd. All rights reserved.

Publiceringsår

2009

Språk

Engelska

Sidor

4557-4573

Publikation/Tidskrift/Serie

Energy Policy

Volym

37

Issue

11

Dokumenttyp

Artikel i tidskrift

Förlag

Elsevier

Ämne

  • Social Sciences Interdisciplinary

Nyckelord

  • Energy-efficiency policy evaluation
  • Multi-criteria evaluation
  • Tradable white certificate schemes

Status

Published

ISBN/ISSN/Övrigt

  • ISSN: 1873-6777